3 min readGOLD (XAU/USD):
Gold remains highly volatile within the risk asset class, currently trading just below $2,700.00.
A closer analysis of the technicals reveals a clear shift to the downside on the daily timeframe. This movement occurred near the internal ascending trend line, indicating the possibility of a “fake-out.” I will continue to monitor the current price action closely for any indications of the next potential direction. At present, the RSI indicator does not show any signs of the price being “overbought” or “oversold.”
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
